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Agreement Of License To Publish On Royalty Basis - Legal Draft

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Category : Agreements Intellectual Property

Agreement

is made at __________ this _________ day of _________ between

Mr................r/o.......... Hereinafter referred to as `the Author' of the

One Part and________________________ carrying on business at ______________

Hereinafter referred to as `the Publisher' of the Other PartWHEREAS1. The Author has

written a book on the subject of...................... and desires to publish

the same.2. The Publisher has

offered to publish the said book on the following terms and conditions, which

are also agreed to by the Author.NOW

IT IS AGREED BETWEEN THE PARTIES HERETO AS FOLLOWS:1. The Publisher agrees

to publish the said book entitled __________ within a period of

__________months from the date hereof. The printing and publishing will be done

by the Publisher at his own costs.2. The Author has

delivered the manuscript of the book on the execution of this Agreement to the

Publisher and the Publisher acknowledges receipt thereof.3. The Author grants to

the Publisher the right to print and publish the said book subject to the terms

and conditions herein contained.4. The Author hereby

warrants that the said book does not infringe the copy right of any other

person and he is the sole copyright owner of the said book. He also warrants

that he has not given license to publish the said book to any other person. The

Author agrees to indemnify the Publisher against any claim made by reason of

infringement of copyright of any other person or by reason of the Author having

given any right in respect of the book to any other person.5. The Publisher shall

print and publish the book at his own entire costs and expenses and he will

also advertise the publication of the work at his own cost.6. The Publisher shall,

in consideration of the said right of publication hereby given, pay to the

Author as and by way of royalty a sum equal to _________per cent of the price

less the cost of printing of each copy of the book actually sold. The amount of

royalty accrued on sales, shall be paid within __________weeks from the

expiration of every six months commencing from the publication of the book.7. The Publisher shall

submit to the Author every ________months, commencing from the publication of

the book, a statement of the copies sold by the Publisher and his agents and

shopkeepers. And such statement shall be sent along with the amount of royalty

payable as aforesaid. Acceptance of any payment of royalty will not be

construed as acceptance by the Author of the correctness of the statement and

the Author will be entitled to verify the statement with the books of account,

vouchers and other papers relating to sale and the Publisher shall offer such

inspection to the Author or his agent whenever demanded by the Author. The

Publisher shall with every such statement disclose the total number of copies

printed by him.8. The Publisher shall

supply ____________copies of the Book to the Author free of costs and without

any royalty being payable thereon. The Publisher shall also supply free copies

not exceeding ___________to such newspapers, periodicals or law Reporters as

the Publisher may think fit.9. The Publisher shall

not give benefit of this license by way of transfer or otherwise to any other

person.10. The Publisher shall

print only............ copies of the book and no more and the price of the book

will not be more than Rs..................... per copy.11. The Publisher shall

show the final proof of the print to the Author for his verification and the

Author will be entitled to make any formal changes therein and to correct

mistakes. The cover of the book will be got approved by the Author.12. This license is

granted only for the publication of the First Edition of the Book.13. If the Author

proposes to bring out a new edition of the book he will give the first option to

the Publisher on such terms as may be agreed upon. In the event of any

disagreement as to such fresh terms, the Author will be entitled to publish a

new edition by himself or through any other publisher. But in no event the book

will be reprinted or republished unless and until at least 90% of the copies of

the first edition are sold out.14. The Author warrants

that the said book is his original and does not infringe the copy right of any

person. The Author agrees to indemnify and keep indemnified the Publisher

against any claim made on account of infringement of any copyright. The author

also warrants that he has not given the right of publication to any other

person.15. The Publisher

undertakes to mention on the cover page or any other following page of the book

that the copyright in the book belongs to the Author.16. This agreement is

executed in duplicate and one copy thereof will remain with the Author and the

other with the Publisher.17. If the Publisher

commits breach of any term of this Agreement, the Author will be entitled to

cancel the same by giving fifteen days' notice to that effect to the Publisher

and on the expiration of the said notice period this agreement will come to an

end. On the termination of this agreement for any reason the Author shall have

the option to take back all the unsold copies and the Publisher shall hand over

them to the Author on payment of the proportionate cost of printing thereof but

if the Author fails or refuses to exercise the option and to pay the costs, the

unsold copies will be retained by the Publisher and sold.18. In the event of any

dispute or difference arising between the parties hereto out of or in

connection with the agreement the same shall be referred to arbitration of a

common arbitrator if agreed upon, otherwise to two arbitrators, one to be

appointed by each party to the arbitration and the Arbitration will be governed

by the Arbitration Act for the time being in force.IN

WITNESS WHEREOF the parties have put their hands the day and year first

hereinabove written.Signed

and delivered by...................Within

named Author.............In

the presence of.........................Signed

and delivered by ...................Within

named PublisherIn

the presence of......................


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